IMF issues veiled warning against El Salvador’s Bitcoin law
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials. Go to Source Powered by WPeMatico
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Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto
Cathie Wood’s Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week. Go to Source Powered by WPeMatico
El Salvadorians take to the streets to protest Bitcoin law
Those who marched against Bitcoin this week claimed the cryptocurrency was too volatile and would allow businesses to “launder ill-gotten money.” Go to Source Powered by WPeMatico
Stacks (STX) price rallies 195% after revealing plans to bring DeFi to Bitcoin
STX price rallied 195% after the introduction of smart contracts enabled the launch of DeFi and NFTs on the Bitcoin network. Go to Source Powered by WPeMatico
Circle K convenience stores will host thousands of crypto ATMs
Despite suspending service to some crypto ATMs during the early days of the pandemic, Bitcoin Depot has continued to expand. Go to Source Powered by WPeMatico
Elon Musk says Bitcoin may have already hit his benchmark on renewable energy
“I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number,” said the Tesla CEO. Go to Source Powered by WPeMatico
First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%
A report on the firm’s holdings to the SEC for Q2 2021 revealed the bank’s trust division had 29,498 shares in Grayscale’s Bitcoin Trust, worth more than $880,000. Go to Source Powered by WPeMatico
Argentine lawmaker introduces bill for workers to be paid in crypto
The proposal may help Argentinians in the export business avoid heavy taxes from foreign currency payments. Go to Source Powered by WPeMatico
US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption
Victoria Nuland said the United States was taking a “tough look at Bitcoin” following a major ransomware attack and suggested El Salvador take a similar approach. Go to Source Powered by WPeMatico
Mexico may not be following El Salvador’s example on Bitcoin… yet
A warning from the country’s financial regulators seemed to be specifically targeting Ricardo Salinas Pliego, who on Sunday said he would explore his bank accepting Bitcoin. Go to Source Powered by WPeMatico
